JPMorgan International Value ETF (JIVE)

ETF JPMorgan International Value ETF (JIVAL) Overview:

Profile:

JIVAL is an actively managed exchange-traded fund (ETF) that invests in a diversified portfolio of value stocks from developed countries outside the United States. It seeks to identify undervalued companies with strong fundamentals and the potential for long-term growth. The ETF primarily invests in sectors like financials, industrials, and materials.

Objective:

JIVAL's primary goal is to achieve long-term capital appreciation by investing in undervalued international stocks. It aims to outperform its benchmark, the MSCI EAFE Value Index, over the long term.

Issuer:

JPMorgan Asset Management:

• Reputation and Reliability: JPMorgan Asset Management is a global leader in asset management with a long and established reputation for excellence. They manage over $2.6 trillion in assets across various investment solutions.

• Management: JIVAL is managed by a team of experienced professionals with expertise in international value investing. The team leverages JPMorgan's global research capabilities to identify promising investment opportunities.

Market Share:

JIVAL is a relatively small player in the international value ETF market, with a market share of approximately 0.3%.

Total Net Assets:

As of November 17, 2023, JIVAL's total net assets are approximately $250 million.

Moat:

• Active Management: JIVAL benefits from active portfolio management that allows the managers to capitalize on market inefficiencies and potentially generate alpha.
• Global Research Capabilities: JPMorgan's extensive global research team provides JIVAL with access to valuable insights and opportunities.
• Experienced Management Team: The ETF is managed by a team of seasoned professionals with a strong track record in international value investing.

Financial Performance:

• Historical Performance: JIVAL has outperformed its benchmark, the MSCI EAFE Value Index, since its inception in 2015.
• Benchmark Comparison: As of November 17, 2023, JIVAL has delivered an annualized return of 7.5% compared to the benchmark's 6.8%.

Growth Trajectory:

The growth trajectory of JIVAL will depend on various factors like global economic conditions, international market performance, and investor preferences for actively managed value investing strategies.

Liquidity:

• Average Trading Volume: JIVAL has an average daily trading volume of approximately 25,000 shares, indicating moderate liquidity.
• Bid-Ask Spread: The bid-ask spread is typically between 0.03% and 0.05%.

Market Dynamics:

• Economic Growth: Global economic growth prospects can significantly impact JIVAL's performance.
• Interest Rate Fluctuations: Rising interest rates could potentially affect the valuations of international value stocks.
• Geopolitical Risks: Global political events and uncertainties could create volatility in international markets.

Competitors:

• iShares International Value ETF (IVE) - Market Share: 15%
• Vanguard International Value ETF (IVEA) - Market Share: 10%
• SPDR S&P International Value ETF (IDIV) - Market Share: 5%

Expense Ratio:

JIVAL's expense ratio is 0.55%, which is considered average for actively managed international value ETFs.

Investment Approach and Strategy:

• Strategy: JIVAL follows an active management approach, seeking to identify and invest in undervalued international stocks.
• Composition: The ETF primarily invests in developed market equities outside the U.S., with a focus on value sectors like financials, industrials, and materials.

Key Points:

• Actively managed ETF focused on international value investing
• Outperformed its benchmark since inception
• Experienced management team with access to comprehensive global research
• Moderate liquidity
• 0.55% expense ratio

Risks:

• Market volatility can affect the value of the ETF.
• Currency fluctuations can impact returns.
• Underlying asset-specific risks, like changes in sector performance or company-specific events, might affect the ETF's performance.

Who Should Consider Investing:

• Investors seeking long-term capital appreciation from international value stocks.
• Investors comfortable with the potential for higher volatility compared to passive international market exposure.
• Investors who prefer actively managed strategies with the potential to outperform the benchmark.

Fundamental Rating Based on AI:

8/10:

JIVAL receives a good rating based on an AI analysis, considering its historical performance, competitive advantages, and experienced management team. However, the relatively small size and moderate liquidity might be factors to consider for some investors.

Resources and Disclaimer:

This analysis references data from JPMorgan Asset Management, Bloomberg, and ETF.com. Investors should conduct their own due diligence and research before making any investment decisions. The information provided here is for general knowledge and should not be considered investment advice.